Trinity Capital expanded its Phoenix headquarters, doubling the total space leased at its corporate headquarters at 1 North 1st St. to 30,000 square feet by expanding to the fourth floor from its existing third floor offices.
“This expansion will support Trinity’s growing team and we’re thrilled to reaffirm our commitment to the greater Phoenix region,” Kyle Brown, president and chief investment officer at Trinity Capital, said. “The expanded space allows us to continue to benefit from the region’s diverse talent pool and solidify our status as a destination for top financial talent.”
Since Trinity became a public company nearly four years ago, it has grown its team by 150%, more than doubled its total assets from $500 million to more than $1.3 billion and has continued to deliver stable and growing dividends to its shareholders.
“Trinity’s expansion in our downtown proves that Phoenix’s innovative and entrepreneurial atmosphere is growing and thriving,” Kate Gallego, the mayor of Phoenix, said. “I’m excited that Trinity is actively involved with other local companies as well and look forward to their continued impact in the bustling tech ecosystem that we’re fostering in the Valley.”
Since moving its headquarters to downtown Phoenix in 2021, Trinity has expanded from 39 to 68 employees, and the additional office space will allow for further growth. As of Sept. 30, Trinity has provided more than $2.7 billion in funding across 309 investments, including almost $100 million to companies that employ approximately 1,500 people in Arizona. Some Trinity borrowers that operate in Arizona include Footprint, a manufacturer of biodegradable food packaging; Qwick, a hiring platform for service industry workers; and Lucid Motors, which has a substantial electric vehicle manufacturing presence on a 500-acre facility in Casa Grande, AZ.
“Trinity Capital is a leading example of how prioritizing investments in innovative technologies boosts the venture ecosystem,” Chris Camacho, Greater Phoenix Economic Council president and CEO, said. “By supporting high-growth, venture-backed companies across advanced industry verticals, including life sciences, Trinity is accelerating the Greater Phoenix market.”
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